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Briefing: Tesla CEO Musk warns incumbents it is building a 'great, major insurance company'. Should they be worried?

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On last week’s Q2 briefing call Tesla CEO Elon Musk told insurers he is coming for their actuaries, to help him start an insurance ‘revolution’. But could his obsession with data and math have blinded him as to where the real battle in motor insurance could be won or lost - claims.

Insurance might not be as high on his to-do list as space travel, but last week Elon Musk, co-founder and CEO of electric vehicle giant Tesla, issued a plea for the sector’s most promising actuaries

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FCA confirms AI review led by Mills

The Financial Conduct Authority has today (27 January) confirmed Sheldon Mills is to lead a review into the implications of advanced AI on consumers, retail financial markets and regulators.

Are you ready to be stress tested by the PRA?

The regulator’s 2026 dynamic stress test will plunge insurers into a real-time, three-week crisis simulation unlike anything the sector has faced before, forcing firms to prove not just their capital strength but their ability to make rapid, data-driven decisions under pressure.

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